Midnight Sun Mining (CVE:MMA) Insider Brett Allan Richards Acquires 192,000 Shares

Midnight Sun Mining Corp. (CVE:MMA) insider Brett Allan Richards bought 192,000 shares of the stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of C$0.58 per share, for a total transaction of C$111,360.00. Following the acquisition, the insider owned 5,623,447 shares of the company’s stock, valued at approximately C$3,261,599.26. This represents a 3.53% increase in their ownership of the stock.

Brett Allan Richards also recently made the following trade(s):

• On Monday, July 6th, Brett Allan Richards purchased 57,300 shares of Midnight Sun Mining stock. The shares were purchased at an average cost of C$0.58 per share, with a total value of C$33,234.00.
• On Wednesday, July 8th, Brett Allan Richards acquired 135,300 shares of Midnight Sun Mining stock. The stock was acquired at an average cost of C$0.57 per share, for a total transaction of C$77,121.00.
• On Friday, June 12th, Brett Allan Richards bought 25,500 shares of Midnight Sun Mining stock. The shares were acquired at an average price of C$0.84 per share, for a total transaction of C$21,420.00.
• On Friday, June 12th, Brett Allan Richards bought 127,103 shares of Midnight Sun Mining stock. The shares were acquired at an average cost of C$0.87 per share, with a total value of C$110,579.61.

Midnight Sun Mining Price Performance

Shares of MMA traded down C$0.02 during mid-day trading on Wednesday, hitting C$0.57. The company’s stock had a trading volume of 435,709 shares, compared to its average volume of 556,355. The company has a current ratio of 13.58, a quick ratio of 3.91 and a debt-to-equity ratio of 0.58. Midnight Sun Mining Corp. has a 1-year low of C$0.53 and a 1-year high of C$2.00. The firm has a market capitalization of C$122.89 million, a P/E ratio of -4.38 and a beta of 2.42. The firm has a 50-day simple moving average of C$0.90 and a 200 day simple moving average of C$1.18.

Midnight Sun Mining Company Profile

Midnight Sun Mining Corp. engages in the acquisition and exploration of mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. It owns a 60% interest in the Solwezi licenses located in Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp. in February 2011. Midnight Sun Mining Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.